Salesforce billionaire Benioff to buy Time magazine, boosting influence - News Summed Up

Salesforce billionaire Benioff to buy Time magazine, boosting influence


Marc Benioff, the billionaire co-founder of software maker Salesforce.com Inc., is making a play to project his influence far beyond Silicon Valley with the purchase of Time magazine. Marc Benioff, the billionaire co-founder of software maker Salesforce.com Inc., and his wife, Lynne, agreed to pay $190 million in cash to Meredith Corp. for Time magazine. ( Mark Lennihan / The Associated Press file photo )The transaction is reminiscent of Bezos’ $250-million acquisition of the Washington Post in 2013. Read more: Time magazine cover illustration morphs faces of Trump, PutinArticle Continued BelowOnly ‘probably’ Time magazine’s Person of the Year? Benioff himself has been an outspoken critic of Trump in public appearances and through his Twitter account, where he often shares his progressive opinions.


Source: thestar September 17, 2018 17:37 UTC



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